Insight Plus - Part 4 – Financial News | Текст песни

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• Insight Plus
• Part 4 – Financial News

Группа Learning English. Продолжение текста:
http://downloads.bbc.co.uk/worldservice/learningenglish/webcast/scripts/insight/tae_insight_04_080814.pdf

Jackie: Money is a powerful force. From the notes and coins in our pockets to the billions
that flow around the world each day –It drives business and the economy. Money
is the topic of this second chance to hear Insight Plus - your guide to the language
you hear every day in the news, first broadcast in 2001. For BBC Learning
English.com, here’s Lyse Doucet.
Lyse: Money and financial activity are essential to our world. Technology and
communication are now developing at such a fast pace, fortunes can be made and
lost in minutes. Our world is also becoming a smaller place. Contacts between
countries are growing and what happens in one place can have a profound effect
around the world. That’s especially true of money.
You can hear it when you listen to programmes on business and finance. They
usually include reports on what’s happening on the most important stock markets
or stock exchanges. These are places where companies can raise money, by selling
a share of their business.
Investors try to buy shares in companies with the best prospects. The more
profitable the firm, the more the value of the shares will increase. Shareholders are
effectively buying a piece of the company, or equity
Most countries have their own equity or stock and they list their most important
companies, and the value of their shares, on a list or index. The names of the most
powerful indices are famous – you’ve probably heard about the Dow Jones in
New York, the FTSE in London, Hong Kong’s index is called the Hang Seng and
in Japan it’s the Nikkei.
This report from Russell Padmore of the BBC’s Business Unit mentions the Dow
Jones, and the Nasdaq.
Clip
It’s been a rollercoaster day for stocks in New York as the technology driven Nasdaq Index
again dropped in value. At one stage the Nasdaq fell around five per cent to reach its lowest
level for a year. The Dow Jones Index also fell but has steadied slightly.
Lyse: Stock exchanges have traditionally been buildings where traders buy and sell
shares on a trading floor. But now, so much trading is done electronically,
through computers, some exchanges don’t even need a physical space.
Nasdaq is the largest electronic stock market in the world. It’s based in New
York and specializes in high technology companies such as the makers of
electronics and internet software.
The BBC’s World Service Business unit reports daily on the movements of the
world’s main stock markets. Here’s that report from Russell Padmore again. He
says it’s been a rollercoaster day – what does he mean by that?
Clip
It’s been a rollercoaster day for stocks in New York as the technology driven Nasdaq Index
again dropped in value. At one stage the Nasdaq fell around five per cent to reach its lowest
level for a year. The Dow Jones Index also fell but has steadied slightly.
Lyse: It was an exciting and nerve wracking day for Nasdaq. The value of shares in its
companies went up and down like a roller coaster. The value of shares traded -
bought and sold – on the Dow Jones Index was lower, but there was less dramatic
movement and the market eventually stopped its huge fluctuations, it steadied
slightly. What causes this movement? Here’s more of that report.
Clip
It’s been a rollercoaster day for stocks in New York as the technology driven Nasdaq Index
again dropped in value. At one stage the Nasdaq fell around five per cent to reach its lowest
level for a year. The Dow Jones Index also fell but has steadied slightly.
The markets were driven lower by news from Hewlett Packard admitting that its fourth quarter
earnings fall far short of forecasts, by as much as 20 percent. Hewlett surprised the markets by
releasing the news two days ahead of schedule.
...

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